A big Brooklyn auction was held this Tuesday, and the surprising bid of the day was 463 86th Street, pictured above. Says a tipster: “463 86th Street starting bid was $1.6m. 4 sharks bid against each other and it went for the high price of $2,820,000. It’s 2006 all over again. I believe that the bidder was a front guy for Thor equities Joe Sitt.” A real estate blog confirms, and says it was the smallest purchase for Thor in NYC. The buyer was vague about development plans; right now it’s a modest building with a clothing store on the ground floor and an apartment on the second level. Of the 16 properties on the auction block, all but three were claimed. The minimum bid for the 13 purchased properties was $6.777 million, $7.225 million came in. 163A Halsey Street was picked up for $415,000, 244 Hawthorne Street for $475,000, and 151 Prospect Avenue for $340,000. See the full list of sales here.
True bidding war erupts at auction in Brooklyn [Malcolm Carter]
Something Big in the Works for 208-210 Flatbush Avenue [Here's Park Slope] Permits Filed: 8 Vanderbilt Avenue [YIMBY] New Website Will Hook You up With Jobs in the Brooklyn Tech Triangle [Brokelyn] Crown Heights Councilwoman Criticized for Brewing “Anti-Semitic Stew” [Gothamist] New Apartment Building Planned for Beverley Road [Ditmas Park Corner] Ted x Gowanus! [GYFO] How Do You Feel About the Planned Tower at 626 […]
The City Planning Commission voted unanimously in support of outgoing Borough President Marty Markowitz’s plan to revamp the former Childs Restaurant in Coney Island and turn it into an amphitheater and upscale eatery, Brooklyn Paper reported. However, local residents are less than thrilled about the plan, which will require $53,000,000 in city funds to transform […]
Willets Point Developers Ask City for $43 Million in Tax Breaks Single Family Home in Jackson Heights Sells Just Under $1 Million A Few More Details on the Large Avery Avenue Sale in Flushing Sims Metal at Newtown Creek Listing of the Day: 25-19 35th Street, #3D Food Bazaar Opening on Northern Boulevard Next Week… […]
Brooklyn, one building at a time. Name: Originally Public National Bank of New York, now Bank of America Address: 47-49 Graham Avenue Cross Streets: Corner Varet Street Neighborhood: East Williamsburg Year Built: 1921-1923 Architectural Style: Neo-Classical Architect: Eugene Schoen Other works by architect: other branches of Public Nat’l Bank; several synagogues, and factories. Best known […]
Drug treatment and psychotherapy center New Directions lost its lease and plans to relocate to 500 Atlantic Avenue in March. The substance abuse treatment program has been headquartered at 202-206 Flatbush Ave between Bergen and Dean since 1983. More than a dozen neighbors came out at last night’s community board meeting to voice their opposition to the move. Community Board […]